Danny, I don't know who your question is directed to, but oil is up $1.00 to $115 this morning which should also affect the gold prices. As a matter of fact, I just looked at the London opening and it is up $4.00 to$863. The COMEX also has followed at $862. This should be an interesting day.

The dollar is up and oil is down for one reason only and that is because the US has been intervening in the currency markets. The US has been selling Euros and buying dollars using the Exchange Stabilization Fund (ESF). IMHO this is a desperation move to try and stem the bleeding dollar. Fundamentally it changes nothing, but so far it is having the desired effect.